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John Cornyn: “Currently our credit limit is $12 trillion and that's not…”

Featuring: John Cornyn, Republican | U.S. Senate, Texas

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Floor Speech on Health Care Sunday Evening 12-20

Published | Video Starts at 12:15

Now, I find it supremely ironic that perhaps the next vote we have here on the Senate floor after this health care bill is going to be a vote to increase the statutory debt limit because Congress has maxed out its credit card. Currently our credit limit is $12 trillion and that's not enough because of unwise and reckless spending like that reflected here in this bill. I find that supremely ironic, but I suspect there are a lot of Americans who find it very sad and even scary. (12:15–12:26)

CLAIM

Asserts that the current $12 trillion credit limit is insufficient due to spending in the bill.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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